Call reports 2020
REPUBLIC FIRST BANK DBA REPUBLIC BANK — 2020
What REPUBLIC FIRST BANK DBA REPUBLIC BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 3,291,319,000 | 4,425,352,000 | 4,949,330,000 | 5,056,197,000 |
| Total loans | 1,898,857,000 | 2,568,373,000 | 2,671,947,000 | 2,698,712,000 |
| Allowance for loan losses | 10,217,000 | 11,040,000 | 11,851,000 | 12,975,000 |
| Securities available for sale | 497,511,000 | 382,221,000 | 440,655,000 | 528,508,000 |
| Securities held to maturity | 611,914,000 | 556,159,000 | 688,939,000 | 814,936,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,950,787,000 | 3,650,027,000 | 3,930,227,000 | 4,037,434,000 |
| Interest-bearing deposits | 2,524,106,000 | 3,035,409,000 | 3,351,157,000 | 3,476,809,000 |
| Noninterest-bearing deposits | 426,681,000 | 614,618,000 | 579,070,000 | 560,625,000 |
| Equity capital | 248,190,000 | 251,455,000 | 280,948,000 | 287,114,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 27,341,000 | 55,616,000 | 84,707,000 | 116,384,000 |
| Interest expense | 6,429,000 | 11,778,000 | 17,349,000 | 22,821,000 |
| Net interest income | 20,912,000 | 43,838,000 | 67,358,000 | 93,563,000 |
| Noninterest income | 5,643,000 | 12,009,000 | 21,227,000 | 32,031,000 |
| Noninterest expense | 26,486,000 | 52,344,000 | 85,267,000 | 114,617,000 |
| Provision for loan losses | 950,000 | 1,950,000 | 2,800,000 | 4,200,000 |
| Pretax income | -40,000 | 4,034,000 | 3,278,000 | 9,537,000 |
| Income tax | -132,000 | 749,000 | 408,000 | 2,093,000 |
| Net income | 92,000 | 3,285,000 | 2,870,000 | 7,444,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 242,935,000 | 246,168,000 | 280,734,000 | 285,316,000 |
| Total capital | 253,152,000 | 257,208,000 | 292,585,000 | 298,291,000 |
| Risk-weighted assets | 2,233,371,000 | 2,222,593,000 | 2,299,975,000 | 2,413,273,000 |